Record production appears to be no longer good enough for the City. Yesterday oil, gas and metals group Vedanta Resources slumped to the bottom of the benchmark index despite revealing record oil and gas production as well as increased production of zinc, lead and silver.

Apple wobbled last week, and shares in smartphone makers shuddered. The US superstar tech brand reported its lowest sales growth since 2009, and investors ran scared from Apple suppliers such as Imagination Technologies, which lost more than 5 per cent after the bad Apple news.